Russell Investments Group Ltd. reduced its stake in shares of Westar Energy, Inc. (NYSE:WR) by 16.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,567 shares of the utilities provider’s stock after selling 49,594 shares during the period. Russell Investments Group Ltd.’s holdings in Westar Energy were worth $12,916,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WR. BlackRock Inc. boosted its position in shares of Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock valued at $754,767,000 after buying an additional 13,599,373 shares during the period. Renaissance Technologies LLC boosted its position in shares of Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock valued at $124,566,000 after buying an additional 1,138,400 shares during the period. American Century Companies Inc. acquired a new position in shares of Westar Energy during the first quarter valued at about $47,333,000. Vanguard Group Inc. boosted its position in shares of Westar Energy by 5.2% in the first quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock valued at $674,263,000 after buying an additional 618,478 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Westar Energy by 1,920.6% in the first quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock valued at $33,961,000 after buying an additional 594,815 shares during the period. Hedge funds and other institutional investors own 71.31% of the company’s stock.

Westar Energy, Inc. (NYSE WR) traded down 0.20% during midday trading on Friday, hitting $50.99. 470,586 shares of the stock traded hands. The stock’s 50-day moving average price is $51.29 and its 200 day moving average price is $52.96. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 21.42 and a beta of 0.39. Westar Energy, Inc. has a 52 week low of $49.21 and a 52 week high of $57.50.

Westar Energy (NYSE:WR) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. The business had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Westar Energy, Inc. will post $2.51 EPS for the current year.

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Several equities analysts have issued reports on WR shares. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. Evercore ISI upgraded shares of Westar Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $49.00 to $53.00 in a research report on Tuesday, July 11th. J P Morgan Chase & Co upgraded shares of Westar Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $32.00 to $53.00 in a research report on Tuesday, July 11th. BidaskClub cut shares of Westar Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Wolfe Research assumed coverage on shares of Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $55.33.

Westar Energy Company Profile

Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.

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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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